I got a loan with First Franklin Financial Corporation. I never failed a payment. Rate was 8.1 adjustable after 2 years. I signed for the loan in april 2007. I fell behind in my taxes because my bills and gas prices were high. I went to the county tax services and talked to the staff person and she said that I had time because the would not take action after three years. I was going to pay with my tax return but before I knew First Franklin had paid them. I paid $23, 000.00 down payment on 4/2007 and never fell behind with the loan payments. They raised the payments from $1545.53 to $2, 250.00 because they added interest and new escrow that I never signed for.
The last payment I made was on february 2008 and they send me the foreclosure notice in march because they did not apply any of my payments to the loan. Any ideas?
They foreclose my primary home and I lost $70, 000.00 total.
They would not negotiate with me and their reps were very rude.
